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Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Gross Profit : C$184.02 Mil (TTM As of Dec. 2023)


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What is Artis Real Estate Investment Trust Gross Profit?

Artis Real Estate Investment Trust's gross profit for the three months ended in Dec. 2023 was C$45.35 Mil. Artis Real Estate Investment Trust's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was C$184.02 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Artis Real Estate Investment Trust's gross profit for the three months ended in Dec. 2023 was C$45.35 Mil. Artis Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was C$80.89 Mil. Therefore, Artis Real Estate Investment Trust's Gross Margin % for the quarter that ended in Dec. 2023 was 56.06%.

Artis Real Estate Investment Trust had a gross margin of 56.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Artis Real Estate Investment Trust was 62.50%. The lowest was 54.79%. And the median was 59.37%.

Warning Sign:

Artis Real Estate Investment Trust gross margin has been in long-term decline. The average rate of decline per year is -1.7%.


Artis Real Estate Investment Trust Gross Profit Historical Data

The historical data trend for Artis Real Estate Investment Trust's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Artis Real Estate Investment Trust Gross Profit Chart

Artis Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 309.86 269.28 237.79 209.98 184.02

Artis Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.38 48.06 46.87 43.74 45.35

Competitive Comparison of Artis Real Estate Investment Trust's Gross Profit

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Artis Real Estate Investment Trust's Gross Profit Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Artis Real Estate Investment Trust's Gross Profit distribution charts can be found below:

* The bar in red indicates where Artis Real Estate Investment Trust's Gross Profit falls into.



Artis Real Estate Investment Trust Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Artis Real Estate Investment Trust's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=335.837 - 151.82
=184.02

Artis Real Estate Investment Trust's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=80.892 - 35.54
=45.35

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$184.02 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Artis Real Estate Investment Trust's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=45.35 / 80.892
=56.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Artis Real Estate Investment Trust  (TSX:AX.PR.A.PFD) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Artis Real Estate Investment Trust had a gross margin of 56.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Artis Real Estate Investment Trust Gross Profit Related Terms

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Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

Artis Real Estate Investment Trust (TSX:AX.PR.A.PFD) Headlines

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